C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 22.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 119,868 shares of the transportation company's stock after selling 35,564 shares during the quarter. C.H. Robinson Worldwide comprises about 2.4% of Speece Thorson Capital Group Inc.'s holdings, making the stock its 25th largest position. Speece Thorson Capital Group Inc. owned approximately 0.10% of C.H. Robinson Worldwide worth $12,385,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CHRW. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $25,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Brooklyn Investment Group increased its stake in C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after purchasing an additional 316 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $52,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CHRW. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a research note on Friday, January 31st. Barclays boosted their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 17th. Stephens restated an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Raymond James dropped their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Citigroup decreased their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.20.

C.H. Robinson Worldwide Stock Up 0.4 %

Shares of NASDAQ CHRW traded up $0.40 during trading on Wednesday, reaching $90.68. 1,118,537 shares of the stock were exchanged, compared to its average volume of 1,405,068. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. The business's 50-day moving average price is $96.78 and its 200 day moving average price is $102.67. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a twelve month low of $69.66 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.